Having enough retirement income is a top concern for many Americans nearing or in retirement. Even though they may have saved consistently throughout the working years, they may be concerned that their retirement plans will succeed.
Whether you are expecting your first child or have been a parent for years, finances and building a future for your family go hand-in-hand. Luckily, there are money moves you can make now to help manage financial stress, support yourself and your loved ones, and help your children as they get older.
Vacation is something that we all look forward to, but it’s important not to forget about your home—and its safety—while you’re away. With some pre-planning, it’s easy to make sure your house is safe and secure, giving you peace of mind and allowing you to focus on the relaxation and fun of vacation.
If you own a business and want to diversify your assets by investing in stocks, today’s online brokerages make trading fairly easy. However, stock investing is risky, especially in a volatile market. Here are four key considerations small-business owners should make before investing.
You may already be aware of the importance of having enough life insurance coverage to handle financial matters that could affect your family in the event of your death. However, determining the appropriate amount of coverage for your family can be…
When people think of “myths,” they often think of such stories as Pandora’s Box (the woman who took the lid off of a jar releasing all of the world’s ills upon the world, were taxes one of them?), or the Tale of Prometheus (who stole fire from his fellow gods to give to humans and was punished by Zeus with eternal suffering).
Your Social Security retirement benefit may be taxable. Did you know that you might have to pay federal income tax on your Social Security retirement benefit? If the only income you had during the year was Social Security income, then your benefit usually isn’t taxable.
A common regret people have by the time they retire is not having developed solid financial goals earlier on in their lives. Follow this decade-by-decade guide and work towards avoiding such regrets by saving now and increasing the potential to live more comfortably in the future.
As you progress along your career path, there’s no telling how far you’ll go. But to fully reap the financial rewards of all your hard work, you’ll need to take charge of your own career. Here are a few issues you’ll want to pay close attention to.
Perhaps you’re just starting to save for retirement, or within a few years of retiring. Unfortunately, it’s common to take a wrong turn, or make bad financial decisions, as you continue on your journey toward retirement.
A surprising two out of every three American adults do not have any kind of written estate plan.1 For adults who also serve as family caregivers, not having a plan in place can pose major risks for them and their entire family if they die unexpectedly.
As inflation soars, you can now save a lot more for your retirement. On October 21st, the Internal Revenue Service (IRS) announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022.
As an investor, you may be impacted by capital gains if you sell your investment – whether at a gain or loss. Understanding capital gains may help with your overall investment strategy and the potential to preserve your wealth.
A qualified charitable distribution, or QCD, allows you to distribute funds from your IRA to an eligible charity.
During the Christmas season, you may find almost every manner of Christmas tree, from plastic-colored versions to fresh-cut ones that are stories high. Here are some fun facts about Christmas trees you may not know.
Through all the challenges, newfound opportunities, and every high and low we’ve experienced during the last couple of years, it’s no surprise why we might be striving for more balance.
The average U.S. income tax rate stands at just over 13%—and if you’re like many taxpayers, you’re always looking for new tips and tricks to help reduce this percentage.1